GBP/JPY – 30M – BUY

Then a ‘Double bottom chart pattern’ chart pattern is found. The formation shows ‘Double bottom chart pattern’. this is a bullish signal. The pair is likely to go up.

The currency pair British Pound/Japanese Yen (GBP/JPY) breaks through the bearish trendline upwards

A bullish movement upwards to the next resistance at 199.22600 will persist.

Caution: A possible reversal of the trend in the direction of the support level at could happen.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Then a ‘Bullish Belt Hold’ candle chart pattern is existing. The candles show ‘Bullish Belt Hold’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

199.22600 – 199.44000 – 199.25000 – 198.40600 – 198.11900 – 197.85400 — 58.8878517681 – 66.48110814041 — 78.229312997525 – 82.015519432738 – 71.807478761121 – 78.106673802038

Trading Signals: FOREX – GBP – GBP/JPY – JPY – Bullish Belt Hold – Double bottom chart pattern – –